Foreigners fled from short-term U.S. assets in September as a budget battle in Washington raised fears the government could default on some obligations, though demand for longer-term securities rose, U.S. Treasury data showed on Monday.

Snapchat is a two-year-old company, with a 23-year-old CEO; no revenue; “no business model” (per the WSJ); which recently turned down $3-4 billion acquisition offers from Facebook and Google; and which lets its users send messages that disappear in less time than it takes to read this sentence.

Nearly one in ten people globally will have some form of diabetes by 2035, the International Diabetes Federation predicts in a new report. There are some 382 million people living with the disease, but that could jump 55% by 2035, the IDF says. Here’s the full report (PDF) and Reuters’ report on same.

“The highest prevalence rates are to be found in the Western Pacific, where more than a third of adults in Tokelau, Micronesia and the Marshall Islands are already living with the disease,” Reuters adds.

For a country where economists can be prosecuted for publishing independent estimates of inflation, Argentina won some unexpected praise from the IMF on Sunday. Chrstine LaGarde, the IMF’s managing director, said Argentina has made “positive progress” on its notoriously questionable economic data.

Argentina’s official inflation statistics have been routinely lower than independent measures of inflation. Here’s a look at that gap:

At the IMF’s research conference last week, three Fed economists examined America’s economic wounds. A paper, by Dave Reifschneider, William Wascher, and David Wilcox, studied whether the economy has been permanently damaged by the effects of the financial crisis. Economists call it “hysteresis”, a concept coined in 1986 by Larry Summers and Oliver Blanchard, in a seminal work on the European labor market.

Reuters reports on super typhoon Haiyan, which has killed at least three people so far in the Phillipines:

The strongest typhoon in the world this year and possibly the most powerful ever to hit land smashed into the Philippines on Friday, forcing more than a million people to flee, flooding villages and raising fears of widespread casualties.

The European Central Bank has done something new and surprising: this is the first time in the bank’s 15-year history, the FT’s Tony Barber writes, that it is so directly taking on the threat of deflation, proving it’s more than “just an old-style inflation-fighting central bank”. Specifically, the ECB cut interest rates today to a record low. The details of the cut are here.

Details of the first estimate of third-quarter GDP were generally weak, with inventories contributing 0.83 percentage point to GDP growth. Excluding inventories, the economy grew at a 2.0 percent rate after expanding 2.1 percent in Q2.

Twitter’s IPO is tomorrow, and details about its pricing are dribbling out. In fact, sources told Reuters the IPO could price at the high-end of projections, possibly up to $28 per share:

While final pricing is still being hashed out between Twitter management and its underwriters, sources said the price was likely to be above the $25 top end of the range announced on Monday. A price at that level would value the company at more than $14 billion.

Steve Cohen’s SAC Capital Advisors has officially pled guilty to insider trading charges. SAC will pay $1.8 billion in a mixture of civil and criminal fines and forfeitures, and will stop accepting outside money from investors. The firm even revised its public statement at the last minute to express adequate contrition.